State any three points of importance of Management.
Importance of Management:
- It helps in achieving group goals by giving a common direction to individual efforts.
- It increases efficiency by reducing costs and increasing productivity.
- It creates a dynamic organisation by making the organisation adapt itself to the changing environment.
- It helps in achieving personal objectives by motivating and leading in such a way that both personal goals and organisational objectives are accomplished.
- Management helps in the development of society by providing good quality products and services, creating employment and adopting new technology, etc.